Another PV Company Faces Delisting Risk!

Published: Feb 13, 2025 08:35

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[Another PV Company Faces Delisting Risk!] On February 11, *ST Jiayu disclosed an announcement stating that the company's stock faces the risk of being delisted due to its stock price falling below par value. *ST Jiayu explained that, according to Article 10.2.1, Paragraph 1, Item 2 of the "Rules for the Listing of Stocks on the Growth Enterprise Market," if the company's stock closing price remains below 1 yuan for twenty consecutive trading days, the company's stock is at risk of being delisted. (Polaris Solar PV Network)

On February 11, *ST Jiayu disclosed an announcement stating that the company's stock faces the risk of delisting due to its stock price being lower than the par value.

*ST Jiayu indicated that, according to Article 10.2.1, Paragraph 1, Item 2 of the "Rules for the Listing of Stocks on the Growth Enterprise Market," if the company's stock closing price remains below 1 yuan for twenty consecutive trading days, the company's stock is at risk of being delisted. On February 11, the company's stock closing price was 0.97 yuan per share, marking the first instance of the stock closing price falling below 1 yuan. As a result, the company's stock faces the risk of delisting due to the aforementioned situation.

According to publicly available information, *ST Jiayu's main business includes new energy operations and energy-saving doors, windows, and curtain wall businesses. Among them, the new energy business covers PV module operations, solar thermal energy operations, and PV and wind power EPC operations, while the energy-saving doors, windows, and curtain wall business primarily involves system doors, windows, and curtain wall products.

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